In creating pro forma statements, if we assume that costs, assets, and short-term debt vary directly with changes in sales, that the payout ratio is ﬁxed, and that the change in long-term debt only
Results from payments made as required on the debt contracts, then the "plug" required for the
Balance sheet to balance will probably be:

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The Answer of In creating pro forma statements, if we assume that costs, assets, and short-term debt vary directly with changes in sales, that the payout ratio is ﬁxed, and that the change in long-term debt only
Results from payments made as required on the debt contracts, then the "plug" required for the
Balance sheet to balance will probably be:

In Creating Pro Forma Statements, If We Assume That Costs